Alberta Social Credit

Summary Social Credit governed Alberta from 1935 to 1971. During this time: the Social Credit government eliminated Alberta's debt; established the Credit Union Act and Alberta Treasury Branches to provide low-interest loans; kept Alberta debt-free and income tax-free; and encouraged local ownership and control of hospitals, schools and utilities. By Chick Hurst In order to fully understand Alberta Social Credit we must understand the history of Alberta. We must also understand the mind set of the people, past and present. This understanding must include the knowledge of the imperial power of the eastern Canadian government and the international business establishment that controlled the lives of the residents of early Alberta and, for the most part, still do. Prior to the sale of Ruperts Land from the Hudson's Bay Company to Canada in 1869, the people were indentured servants of the Hudson's Bay Company. Upon the sale they became possessions of Canada. They wer...

By Len Skowronski The mainstream media will no doubt attack the idea of a provincially owned bank, helping create the money supply for Alberta. However, the arguments about inflation, how government will abuse the system for political reasons and so on are not valid arguments. Safeguards can easily be put in place, and indeed, have been put in place for such a bank south of the border. Lawyer and monetary reformer Ellen Brown describes what would result from an ATB that got more involved with money creation. She writes: While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry.  So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article: It is more profitable than Goldman...